Another adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel. When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn...
Putting multiple bollinger bands/keltener channels together helps visualize the relative price movement. I have also used this in my BuyTheDip V2 strategy to measure dip and bounce back. 7 Standard deviation is used here. These are calculated based on the input fields StdDevStart and StdDevStep .
█ OVERVIEW This is Screener script for Mean Reversion Channel Indicator █ Description & How To Use The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator. The Overbought/Oversold Zone are further categorized and sorted by: Strong :...
Description : Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing: Inner Channel -> Dynamic Support and Resistance Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move Details on some of...
This is an overlay indicator showing a strong potential for entry into an option spread trade. 2 background shadings will occur: The background will shade blue if the ticker is prime for a Bullish Call spread. The background will shade purple if the the ticker is prime for a Bearish Put spread. In theory, if the SE Strength is at one of the extremes of the Bear...
This is a bar chart showing the strength of a potential option spread entry using 8 conditions for each side of a trade, bull or bear. In theory, if the SE Strength (Spread Entry Strength) is at one of the extremes of the Bear or Bull side, then a spread is prime for entry. To calculate this, the 8 conditions receive a 1 or zero dependent on whether the...
Abstract This script computes moving averages which the weighting of the recent quarter takes up about a half weight. This script also provides their upper bands and lower bands. You can apply moving average or band strategies with this script. Introduction Moving average is a popular indicator which can eliminate market noise and observe trend. There are several...
These bands use KAMA for the basis, build Keltner Channels that you might expect high probability reversals to occur from. I named it Tobacco Channel because I found its idea in Cuban's Reversion Bands — Indicator by cubantobacco.
Volatility represents how large an asset's prices swing around the mean price, the degree of variation of a trading price over time, and is commonly measured with beta (β) coefficients, standard deviations (σ) of returns where tools such as Average True Range, Bollinger Bands, Keltner Channel, Squeeze Indicator, etc presents volatility concept Volatility often...
100/200 EMAs, along with Keltner Bands based off them. Colors correspond to actions you should be ready to take in the area. Use to set macro mindset. Uses the security function to display only the 1D values. Red= Bad Orange = Not as Bad, but still Bad. Yellow = Warning, might also be Bad. Purple = Dip a toe in. Blue = Give it a shot but have a little...
This is rather an educational script on how you can put multiple channels on the chart in a relatively non-confusing manner. Because it can be done doesn't mean you should do it (especially as a beginner). However, you might want to use maybe two. Normally, TradingView would put them all over each other causing chart to lose readability. By a few clever...
Simple Keltner Indicator with a custom alert. The alert should ring when any Band has the price crossing.
Study Name: Elder-Keltner-Impulse-MA Study by STTA English: This indicator shows in a combined way three Keltner Channels with EMA21 and multiplier 1,3,5, the Elder Impulse System and a short EMA 11 to recognize the valuation zone, according to various strategies of Dr. Alexander Elder. This indicator can be applied on all symbols. Inputs: displayed...
Here's an updated version of the CBG Keltner Channel indicator. 1. Added a new option for painting bars and backgrounds. - Option 5 will paint up bars if the midline moving average is moving up and price is above the control moving average. It will paint down bars if the opposite is true. If neither are true, it will paint a neutral color. The neutral color...
Transaction setup parameters Time frame: M5, M15 Currency pair: EUR / USD , GPB / USD Transaction: London, USA Number of orders / day: 10 - 15 orders Trading strategies === BUY === Candles close on the upper Keltner EMA10 crosses the upper Keltner range from below Stop loss in the middle band or up to 12 pips Profit target: 15-25 pips ...
Elliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources...
Modified version of Squeeze Momentum Indicator visualizing on Price Chart author: LazyBear, modified by KıvançÖZBİLGİÇ